Fire!

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"you shall not covet your neighbor’s wife, or male or female slave, or ox, or donkey, or anything that belongs to your neighbor." I can't covet my neighbors donkey, this blows I am out of here.

It's good and good for you.

Is that what you wanted to hear?

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<----I hate tournaments and tournaments hate me, so I'm loading up on all the donkey luck I can for the next ones :-)

I guess so, I figure posting in the forum about a blog is better than the comments piece of a blog.

You could have said bankroll management is for the birds I deposit $100 each paycheck and if that last until the next paycheck that is all gravy.

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"you shall not covet your neighbor’s wife, or male or female slave, or ox, or donkey, or anything that belongs to your neighbor." I can't covet my neighbors donkey, this blows I am out of here.

I've learned a ton of lessons from managing my online bankroll most of them wrong

Early on i was gambling outside of my limits for my online bankroll.  I was playing in 4/8 and 10/20 online cash games without the right bankroll and when I didn't win it took 2/3rd's of what I had built up over a year of profitable playing.  Sure you can get big wins but damn if you lose you lose BIG.  Now I have a much bigger bankroll in my online account but I still haven't moved back up to the 10/20 level because I'm sticking with what's progressively built my bankroll in the first place...sng's with the occassional big mtt cash.

My thought is if you're going to play in sng's you should have at least 10x the buy in so you want to play in 10 dollar sng's have minimum of 100 dollars.  as for cash games the good rule of thumb there is have 200x the big bet so if you do take a big hit at this level you have plenty of bankroll left to re-build it.  so if you're playing in a 4/8 table you should have 1600 dollars in your bankroll.  Now you won't sit at the table with that much but if you have a 200 dollar losing session you can make it up the next session or two.  I think the 200 times the big bet comes from supersystems and it seems to be a good rule of thumb for cash games.

I don't know what would be a good bankroll to have as regards for mtt's because you cash and win few mtt's than you do sng's. 

Thoughts?

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<----I hate tournaments and tournaments hate me, so I'm loading up on all the donkey luck I can for the next ones :-)

two4suited wrote:

I guess so, I figure posting in the forum about a blog is better than the comments piece of a blog. You could have said bankroll management is for the birds I deposit $100 each paycheck and if that last until the next paycheck that is all gravy.

you joke but for a lot of people that's exactly their goal and it's a fine goal if htey are playing the different levels for pure entertainment and they are happy with losing that 100 dollars then if they lose, no biggie.

I guess we should mention the reason we discuss bankroll management is because we want to be profitable players that are progressively building our bankroll but doing it so we never have to re-deposit money and only withdraw money. 

Others are happy with depositing 100 dollars every pay check and if they win 300 they'll take it out play with it then deposit 100 dollars when they feel like playing again.  I have a friend in new york that's like that.  He plays and if he earns a couple of hundred dollars he withdraws it then puts in 50 or 100 another time he wants to play, now he deposits a lot more than he withdraws but he wouldn't know how unprofitable he is because he doesn't care, it's just entertainment and gambling to him.

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<----I hate tournaments and tournaments hate me, so I'm loading up on all the donkey luck I can for the next ones :-)

The key is to go through that phase and then one day look at it and go, wait a sec I can not figure out how much I am losing, but I know I am losing, let's either figure out a way to get a bunch of free money, save up enough money to play certain levels, or play low enough for what money I have at this time.

Also I don't think that 10X sng is enough. I did start out with 100 dollars in my pokerstars account, when I first started playing $10 sng's but I had set 200 more to the side just in case, I was able to win a few in the first 10 I played, so I did not need it but it was good to have.

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"you shall not covet your neighbor’s wife, or male or female slave, or ox, or donkey, or anything that belongs to your neighbor." I can't covet my neighbors donkey, this blows I am out of here.

10x seems to bee a good standard for sng's that's where i started with my bankroll and started at 5 dollar sng's so when I set up erins account I did the same thing, i transferred her 50 dollars and she's built that up with only 5 dollar sng's. Sure it's lower level but still entertaining, if you need to play in 50 dollar sng's to start out when you deposit 50 dollars that's just a completely different issue and i don't think you care at all about this bankroll management discussion :-)

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<----I hate tournaments and tournaments hate me, so I'm loading up on all the donkey luck I can for the next ones :-)

Ok maybe this is a good rule to follow, since I would expect your results and ROI to be better at lower sng's you can probably get away with 10x the buyin. If you are playing $50 sng and only have $500, I don't think that is enough.

I have heard you can expect ROI anywhere from 20 to 30% at (5,10,20,30?) and then that will drop down to around 10% to 15% at $50+. All those number are just random stuff I have read and only over around 100 to 300 sng's which is not enough for accurate reading.

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"you shall not covet your neighbor’s wife, or male or female slave, or ox, or donkey, or anything that belongs to your neighbor." I can't covet my neighbors donkey, this blows I am out of here.

Wow I just noticed that brian and I were the only people discussing the bankroll management stuff. No other comments from the peanut gallery or are we the only ones that don't over gamble as much as others and play within our means so if we take a hit we're not crying about it sure we don't get as many big wins as others because we don't play in as many of them, but hey over 3 years of online poker and consistently profitable and cashed out plenty :-) all starting from 50 dollars :-) and my next cash out isn't until I reach my 5k mark for that china trip which is working well since i've earned over 1k in the past 2 weeks with only playing 2 days of poker. I need to blow off my family, friends and hobbies more so i dedicate more time to poker :P

knock on wood.

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<----I hate tournaments and tournaments hate me, so I'm loading up on all the donkey luck I can for the next ones :-)